Credit by banks grew by 23.5% in the quarter to September 2011, up from 19.3% over the same period a year ago, indicating greater economic activity in the country despite higher interest rate regime.
Meanwhile, aggregate deposits during the July-Sept quarter increased by 22.1% against 13.9% from a year ago, an RBI data showed today.
State Bank of India, country's largest public sector lender, along with its associates, showed an increase of 18.2% in credit, up from 16.4% over the same period a year ago, it said.
SBI Group's total deposits more than doubled to 18.2% in the quarter, from 7.8% a year earlier.
As per the data, top hundred centres accounted for 78.5% of the bank credit.
Nineteen nationalised banks taken together accounted for 52.2% of the total deposits, while SBI and its associates contributed 21.8%, it said.
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The share of new private sector banks, old private sector banks, foreign banks, and regional rural banks in total deposits remained at 13.7%, 4.8%, 4.6% and 2.9% respectively.
The number of banked centres stood at 35,435 as on September 2011, the RBI data said adding 27,913 were single office centres and 68 centres had 100 or more bank offices, the data said.